Two credit derivative officials at
Citigroup
in New York have left the firm,
Saul Kattan, managing director, and
Greg Miesner, director, both in global structured products. Neither could be reached and
Danielle Romero-Apsillos, Citi spokeswoman, declined comment.

Market buzz is the two will join
Bear Stearns, Kattan to run credit derivatives sales and replace
Dave Austen, who has moved to London to head credit derivatives sales, but this could not be confirmed.
Renu Aldrich, Bear Stearns spokeswoman, declined comment. Prior to Citi, Kattan worked at
Merrill Lynch
(DW, 10/20/03).